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October 21, 2014

Opinion: Why you weren’t invited to the Fed’s ‘ethics’ talk with Wall Street

SAN FRANCISCO (MarketWatch) — It was probably the most important public policy discussion since the financial crisis. Too bad the most important participant, you, weren’t invited.

That’s right. After U.S. taxpayers bailed out Wall Street, the New York Federal Reserve Bank on Monday hosted a series of panel discussions on culture and ethics. Yes, you had to wait nearly seven years, but hey, better late than never. Those summoned include some of the most important figures on Wall Street, but we don’t really know for sure who they are.

Maybe James Gorman, the chief executive officer of Morgan Stanley was there. Perhaps Lloyd Blankfein of Goldman Sachs Group Inc. was invited. Or maybe not.

The New York Fed won’t release the list of who was invited or who attended.

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